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200604179 Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowladge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substences by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 20, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection, 21. Acceleration; Remedies. Londor shall give notice to Borrower prior to acceleration following Borrower's breach of any covonant or agreement in this Socurity Instrumont (but not prior to acceloration under paregraph 17 unless applicable law providos otharwise). The notice shall specify: (a) the default; (bl the action roquired to cure the default; (c) a date, not loss than the minimum numbor of days ostablishod by applicablo law from the date the notice is given to Dorrowor, by which the default must bo cured; and (dl that failure to cure the dofault on or before the date specified in the notice may result in acceleration of the sums secured by this Socurity Instrument, and sale of the Proporty. The notice shall further inform Borrower of the right to reinstate efter acceloration and the right to bring a court action to assert the non-oxistence of a dofault or any other defenso of Borrower to acceleration and sala. If the dofault is not cured on or bofore the date specifiod in the notice, Lender at its option may require immediate payment in full of all sums securod by this Socurity Instrument without further demand and may invoke the power of sale and any othor remodies pormittod by applicablo law. Lender shell be entitled to collect all oxpenses incurred in pursuing the remedies provided in this paragraph 21, including, but not limited to, reasonable attorneys' fees and costs of titlo evidonce. If the power of salo is invoked, Trusteo shall record a notice of dofault in each county in which any part of the Property is locatod and shall mail copios of such notice in tho mannor prescribod by applicable law to Borrower and to the other persons proscribod by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to tho persons and in the mannor prescribed by applicablo law. Trustoe, without demand on Borrower, shall sell tho Proporty at public auction to tho highost bidder at the time and place and undor tho terms designated in the notice of sale in one or moro parcols and in any order Trustee dotermines. Trustee may postpone sale of all or any parcol of the Property by public ennouncement at the time and place of any previously scheduled solo. Lender or its designoe may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchasor Trustee's deed conveying the Property. The roc ita Is in the Trustee's dood shall be prima facie evidence of the truth of the statemonts mado therein. Trustee shall apply the procoeds of the salo in the following order: (a) to all costs and expenses of exercising the powor of sale, and of the sale, including the payment of the Trustee's feos actually incurred, not to excDod % of the principal amount of tho note at the time of the doclerotion of default, end reesonable attorneys' fees as permitted by law; (b) to all sums socured by this Securityln.strumont; and (c) any excess to the person or persons legally entitled to it. 22. Roconvoyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidoncing debt secured by this Security Instrument to Trustoe. Trustee shall reconvey the Property without warranty end without charge to the person or porsons legally on titled to it. Such person or persons shall pay any recordation costs. 23. Substitute Trustee. Lendor, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustoe appointed hereunder by an instrumont recorded in the county in which this Security Instrument is recorded. Without conveyance of tho Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee heroin and by applicable law. 24. Requost for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. By initialing, I acknowledge this is page 6 of 7 of the Deed of Trust. @ Gopyrigh' Com,ha." Syslom,.lnc. 1993. 1994, 1895, 1897.2004 ITEM 121NEL5 104091 P.g.6 of 7 Initials lniti:r.d$ www .l:Dmpliancesys18trl~,t:(Im BOO.959.B622 F., 61 H6S.ISSS